Inflation Rate in Philippines increased to 1.40 percent in June from 1.30 percent in May of 2025. This dataset provides the latest reported value for - Philippines Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the Philippines’ inflation rate amounted to 3.21 percent. The Philippines are considered “newly industrialized”, but the economy relies on remittances from nationals overseas, and the services sector generates most of its GDP . Emerging and soon to develop?After switching from agriculture to services and manufacturing, the Philippines are now an emerging economy, i.e. the country has some characteristics of a developed nation but is not quite there yet. In order to transition into a developed nation, the Philippines must meet certain requirements, like being able to sustain their economic development, being very open to foreign investors, or maintaining a very high stability of the institutional framework (like law enforcement and the government). Only if these changes are irreversible can they be classified as a developed nation. The Philippines’ switch to servicesEver since the switch to services and manufacturing, employment in these areas has increased and the country is now among those with the highest employment in the tourism industry worldwide. This transition was not entirely voluntary but also due to decreasing government support, the liberalization of trade, and reform programs. Still, agriculture is important for the country: As of 2017, more than a quarter of Filipinos are still working in the agricultural sector, and urbanization has only increased very slightly over the last decade.

Philippines inflation rate for 2024 was 3.21%, a 2.77% decline from 2023.

<ul style='margin-top:20px;'>

<li>Philippines inflation rate for 2023 was <strong>5.98%</strong>, a <strong>0.16% increase</strong> from 2022.</li>
<li>Philippines inflation rate for 2022 was <strong>5.82%</strong>, a <strong>1.89% increase</strong> from 2021.</li>
<li>Philippines inflation rate for 2021 was <strong>3.93%</strong>, a <strong>1.53% increase</strong> from 2020.</li>
</ul>Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

The Consumer Price Index in Philippines increased 0.20 percent in June of 2025 over the previous month. This dataset provides the latest reported value for - Philippines Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the average inflation rate of all commodities in the Philippines amounted to 3.2 percent, about 50 percent less from the previous year. Since 2019, the highest inflation rate in the country was recorded in January 2023.

Graph and download economic data for Inflation, consumer prices for the Philippines (FPCPITOTLZGPHL) from 1960 to 2024 about Philippines, consumer, CPI, inflation, price index, indexes, and price.

Core consumer prices in Philippines increased 2.20 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Philippines Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

As of December 2024, the inflation rate for all commodities in the Philippines reached 2.9 percent, reflecting a significant decrease from the same month of the previous years. The country's inflation rate in 2024 was the lowest in September.

The Philippines: Inflation forecast: The latest value from 2030 is 3 percent, unchanged from 3 percent in 2029. In comparison, the world average is 3.65 percent, based on data from 182 countries. Historically, the average for the Philippines from 1980 to 2030 is 6.92 percent. The minimum value, -0.34 percent, was reached in 1986 while the maximum of 50.83 percent was recorded in 1984.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in the Philippines was 1.43 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 1.27 percent. Compared to a year ago, we see a decrease from...

In December 2024, the inflation rate in the National Capital Region (NCR) or Metro Manila reached 3.1 percent, indicating an increase from the previous month. The region's inflation rate fluctuated that year, with the highest inflation rate recorded in July.

Inflation rate (GDP deflator) of Philippines plummeted by 16.25% from 5.5 % in 2022 to 4.6 % in 2023. Since the 38.29% surge in 2021, inflation rate (GDP deflator) rocketed by 101.38% in 2023. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Inflation, monthly percent change in the CPI in the Philippines, June, 2025 The most recent value is 0.16 percent as of June 2025, an increase compared to the previous value of -0.08 percent. Historically, the average for the Philippines from February 1994 to June 2025 is 0.37 percent. The minimum of -0.77 percent was recorded in January 2016, while the maximum of 3.43 percent was reached in January 2000. | TheGlobalEconomy.com

Philippines DI: All Industries: Current Qtr: Inflation Rate Expectations data was reported at 3.168 % in Mar 2025. This records a decrease from the previous number of 3.588 % for Dec 2024. Philippines DI: All Industries: Current Qtr: Inflation Rate Expectations data is updated quarterly, averaging 3.641 % from Jun 2013 (Median) to Mar 2025, with 47 observations. The data reached an all-time high of 7.229 % in Jun 2023 and a record low of 1.520 % in Sep 2016. Philippines DI: All Industries: Current Qtr: Inflation Rate Expectations data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.S004: Business Expectation Survey: Indices of Expectations on Economic Indicators.

Inflation, consumer prices (annual %) in Philippines was reported at 3.2126 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Philippines DI: All Industries: Next Quarter: Avg Inflation Rate data was reported at 50.100 NA in Sep 2018. This records an increase from the previous number of 47.100 NA for Jun 2018. Philippines DI: All Industries: Next Quarter: Avg Inflation Rate data is updated quarterly, averaging 27.100 NA from Jun 2001 (Median) to Sep 2018, with 70 observations. The data reached an all-time high of 55.100 NA in Sep 2005 and a record low of -0.600 NA in Dec 2006. Philippines DI: All Industries: Next Quarter: Avg Inflation Rate data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.S003: Business Expectation Survey: Indices of Expectations on Economic Indicators.

Philippines PH: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data was reported at 2.321 % in 2017. This records an increase from the previous number of 1.699 % for 2016. Philippines PH: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data is updated yearly, averaging 5.533 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 16.527 % in 1991 and a record low of -0.587 % in 2015. Philippines PH: Inflation:(GDP) Gross Domestic ProductDeflator: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years.; ; World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.; ;

Cost of food in Philippines increased 0.40 percent in June of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Philippines Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation rates in the Association of Southeast Asian Nations (ASEAN) ranged from ** percent inflation in Myanmar to **** percent inflation in Thailand in 2025. Only a few countries are in the 2 to 6 percent range that many economists view as optimal for emerging economies. Effects of high inflation High inflation is generally detrimental to the economy. Prices tend to rise faster than wages, meaning that people and firms have less purchasing power. This in turn leads to slower growth in the gross domestic product (GDP). It also leads to a weaker currency. For countries with a positive trade balance this can be beneficial, because exports are relatively cheaper to foreign buyers. Through the same mechanism, net importers suffer from a weaker currency. Additionally, inflation makes a country’s national debt less expensive if the debt is denominated in the local currency. However, most of this debt is in U.S. dollars, so inflation makes the debt more difficult to service and repay. Risks of deflation With deflation, consumers and firms delay investments because they expect prices to be lower in the future. This slows consumption and investment, two major components of GDP growth. The most common example of this is Japan, where the GDP growth rate has been low for a long time due, in large part, to deflation. For this reason, countries like Brunei would rather see low and stable inflation than slight deflation.

CES: Philippines: Next 12 Mth: Inflation Rate data was reported at 4.200 % in Jun 2018. This records a decrease from the previous number of 4.700 % for Mar 2018. CES: Philippines: Next 12 Mth: Inflation Rate data is updated quarterly, averaging 7.200 % from Mar 2007 (Median) to Jun 2018, with 46 observations. The data reached an all-time high of 12.400 % in Sep 2008 and a record low of 1.800 % in Sep 2016. CES: Philippines: Next 12 Mth: Inflation Rate data remains active status in CEIC and is reported by Bangko Sentral ng Pilipinas. The data is categorized under Global Database’s Philippines – Table PH.H009: Consumer Expectation Survey: Outlook on Selected Economic Indicators.